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With the economy regaining its momentum slowly, India will add up to 40 million sq ft of office space this year, which will be higher than many other advanced countries, but lesser than China. “Despite the slowdown, India will add highest ever office spaces this year. We will see 30-40 million sq ft of office [...]

The good news is that the commercial segment in real estate is upbeat and demand is picking up. While initially, the first quarter of the calendar year saw a major decline in rental values in commercial spaces, the process of stabilisation has now begun over the last few weeks.
Companies, which were earlier hesitant to set [...]

India’s largest real estate company DLF has decided against selling core assets — residential, industrial and commercial plots — which it had put on the block. The company will now sell only the hotel plots, which are non-core to its business. DLF executive director YK Tyagi told ET that the company has pulled back these [...]

With rentals dropping sharply, large retailers such as Aditya Birla Retail, Reliance Retail and Shoppers Stop, and food chains such as McDonald’s are looking at metros and mini-metros for expansion. Aditya Birla Retail and Reliance Retail had started their operations two years ago in Pune and Hyderabad, respectively, as realty costs were too high in [...]

Anticipating strong policy measures for real estate in forthcoming Budget, embattled realty majors see positive signs of recovery taking place, within next Three months as affordable housing rev up demand and improved cash flows address their liquidity concerns, according to The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
The ASSOCHAM Business Barometer (ABB) Survey [...]

New Delhi: India’s realtors believe the sector will see signs of recovery in the next three months, according to the Associated Chambers of Commerce and Industry of India (Assocham). A survey report by the industry lobby said 88 percent of chief executives of real estate firms see a quick revival within the next three months [...]

Commercial real estate rentals in Mumbai and New Delhi have seen a steep decline of 24 per cent in the January March quarter over the previous quarter of the financial year 2008-09, according to a research report by Jones Lang LaSalle Meghraj (JLLM), a property consultancy firm.
“The biggest decline in commercial rentals have been in [...]

Around 100 small and large retail and real estate projects in Kolkata are being delayed or deferred due to the financial credit crunch. According to analysts and industry insiders, increased retail development in Kolkata and in its suburbs had nearly doubled real estate prices over the last few years. However, although 40 to 50 projects [...]

The West Bengal government has rejected DLF Ltd’s proposal to build a 500-acre township at Dankuni in the suburbs of Kolkata, according to the state’s principal secretary Subesh Das.
Though in July 2006, the state government had chosen DLF through competitive bidding to build a 4,840-acre township in the same area, it couldn’t acquire land for [...]